Japan Posts Narrower Current Account Surplus In May

Japan's current-account surplus shrank in May, according to the Finance Ministry. The country's surplus narrowed to 540.7 billion yen ($5.33 billion), versus ¥750 billion in April. Japan's exports climbed 9.1% y/y, while imports rose 9.6%. However, economists were expecting a ¥595 billion surplus. (c) 2013 Benzinga.com. Benzinga does not provide investment advice.